Editor's PiCK
Kraken Plans to Introduce Tokenized Trading of 50 US Stocks Including Apple and Tesla
Minseung Kang
Summary
- Kraken announced plans to list major US company stocks like Apple, Tesla, and Nvidia in the form of digital tokens.
- These tokens will be issued based on blockchain technology, allowing for 24/7 trading.
- Kraken explained that this service will help investors outside the US to more easily access US stocks.
Global cryptocurrency exchange Kraken plans to list major US company stocks such as Apple, Tesla, and Nvidia in the form of digital tokens.
According to the Wall Street Journal (WSJ) on the 22nd (local time), Kraken will offer more than 50 stocks and exchange-traded funds (ETFs) as 'tokenized equities' to investors outside the United States. These assets will be issued based on blockchain technology and can be traded 24/7, unlike traditional stock markets.
Kraken stated, "This service is intended to make it easier for non-US investors to access US stocks," and added, "While they are traded in a manner similar to traditional stocks, they possess the flexibility of digital assets."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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